CAclubindia News

RBI may hold fire after 25 bps hike

19 October 2011 at 13:11

The task before the Reserve Bank of India (RBI) as it prepares to unveil the second quarter review of monetary policy is tricky. Headline wholesale price inflation (WPI) continues to be sticky, close to double-digit levels in provisional terms. Al

Posted in Community & General | 3054 Views

RBI against letting MFIs collect small deposits

19 October 2011 at 13:11

Indias central bank has objected to a government proposal to allow microlenders to collect small deposits from poor borrowers. The Reserve Bank of India (RBI) has said it is concerned about the safety of the money deposited with microlend

Posted in Community & General | 3387 Views

Peak Filing of Balance Sheet and Annual Return

18 October 2011 at 17:23

As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act, 1956. It has been brought to the Institutes’ notice that during October, 2011, filing of Balance Sheet and Annual Return is less as comp

Posted in Corporate Law | 1 comments | 7569 Views

FM to Inaugurate Economic Editors' Conference Tomorrow

18 October 2011 at 14:58

Press Information Bureau is organizing its two-day Annual Economic Editors’ Conference in the National Media Centre, Shastri Bhawan, New Delhi which will be inaugurated by the Finance Minister Shri Pranab Mukherjee tomorrow. There will be

Posted in Community & General | 2388 Views

India's economy 'is slowing sharply': Moody's

18 October 2011 at 12:07

India’s growth has weakened under the brunt of 12 interest rate increases since March 2010 that have pushed up borrowing costs for everything from consumer appliances to plant equipment India’s slowing economic growth is a “ca

Posted in Community & General | 5118 Views

Government, exchanges seek ways to ease STT

18 October 2011 at 12:07

The government on Monday discussed with stock exchanges various options to rationalise the securities transactions tax (STT). The finance ministry recently proposed to do away with or dilute STT, a levy that fetches the government around Rs 7,500

Posted in Community & General | 2 comments | 3063 Views

CBDT has released a discussion paper on Tax Accounting Standards

17 October 2011 at 19:08

CBDT has released a discussion paper on Tax Accounting Standards for inviting comments/suggestions from all the stake holders. This discussion paper has been approved by the Honorable Finance Minister. Check the Attached file for Details...

Posted in Income Tax | 1 comments | 8316 Views

CBDT has released Circular on Tax deduction at source on the deposits in banks

17 October 2011 at 11:36

Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation-reg.

Posted in Income Tax | 9750 Views

Govt moves closer to setting up China-style mega industry hubs

17 October 2011 at 16:26

India is set to create its own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals. A group of ministers (GoM) headed by agriculture

Posted in Community & General | 3441 Views

G20 promises adequate capital to shore up banks

17 October 2011 at 16:26

Financial leaders of the worlds 20 biggest economies will pledge to make sure banks have enough capital and access to funding, amid market worries about eurozone bank capital needs that threaten a liquidity crunch, a draft communique showed

Posted in Community & General | 2397 Views